Louisville Housing Market Report December 2024•Jefferson County, Kentucky

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Housing Prices in Louisville, KY

How much do homes in Louisville, KY cost?

Housing Market Conditions

Is Louisville, KY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Louisville is a Seller's Market

Difference Since December 2023

Since last year, Louisville has remained a Seller's Market.

Insight

Louisville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$256,130$187/SqFt
+$13,129
+5.4%

Based on all homes sold in the last 12 months

Insight

Homes in Louisville have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Louisville was $256,130 in December 2024, up 5.4% from last year, and the median price per square foot was $187.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Central Jefferson
+7.0%
Louisville
+5.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
2$175.8K$188.3K
+7.1%
3$244.5K$255.6K
+4.5%
4$351.1K$369.9K
+5.4%
1$98K$120K
+22.4%
5$553.4K$550.2K
-0.6%

Summary: Louisville housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes increased by +7.1%. The home price for 3 bedroom homes increased by +4.5%. The home price for 4 bedroom homes increased by +5.4%. The home price for 1 bedroom homes increased by +22.4%. The home price for 5 bedroom homes decreased by -0.6%.

Housing supply in Louisville, KY

How many homes are available in Louisville, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2,482Last MonthDec 2024
2,6602 months agoNov 2024
-6.7 %
Change MoMNov – Dec

Summary: The Louisville real estate market had 2,482 homes for sale in Dec 2024, a 6.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
696Last MonthDec 2024
7142 months agoNov 2024
-2.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
2528505
-4.4%
31,3261,207
-9.0%
4587543
-7.5%
15962
+5.1%
5160165
+3.1%

Summary: Louisville housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes decreased by -4.4%. The inventory for 3 bedroom homes decreased by -9.0%. The inventory for 4 bedroom homes decreased by -7.5%. The inventory for 1 bedroom homes increased by +5.1%. The inventory for 5 bedroom homes increased by +3.1%.

Asking Price vs. Sold Price

How much do homes in Louisville, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price177 Homes

At Asking Price166 Homes

Under Asking Price353 Homes

Insight

If you're buying a home in Louisville, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.

Summary: A total of 696 homes were sold or pending in Louisville in December 2024, down by 2.5% month-over-month. Of the 696 sold homes, 51% were sold under asking, 24% were sold at asking, and and 25% were sold over asking.

Days on Market for Louisville, KY

How long does it take to sell a home in Louisville, KY?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Louisville are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 696 homes were sold in Louisville; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
43 DaysThis YearDec 2024
18 Days1 year agoDec 2023
+142.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Louisville had an average listing age of 43 days in Dec 2024, up by 142.6% compared to the previous year.

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Newest Listings in Louisville, KY

What homes are available in Louisville, KY?

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Nearby markets

Popular Cities with Homes for Sale in Kentucky

MLS Disclaimers and Copyright

Based on information from Metro Search MLS, Imagine MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2023 - 01/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/29/2025, 3:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.